The Employees’ Retirement System of Rhode Island (ERSRI) has committed $30 million to Raith Real Estate Fund IV.
Raith Real Estate Fund IV, a program of Raith Capital Partners, is a value-added/opportunistic, closed-end fund that targets opportunities in the United States. A fundraising goal has not been determined. Raith Real Estate Fund III, its predecessor, raised $539 million in equity.
ERSRI is a public pension fund with $11 billion in total assets under management, as of March 31. As of then, it had a 6.5 percent real estate allocation target with $646 million in total real estate assets.
